Question
Assume that you have $20,201 to invest in a term deposit, and there are three options for your choice as follow: A 90-day deposit that
Assume that you have $20,201 to invest in a term deposit, and there are three options for your choice as follow:
A 90-day deposit that has a maturity value of $21,538
A 130-day deposit that has a maturity value of $21,800
A 145-day deposit that has a maturity value of $21,958
Required:
Calculate the implied investment yield (percentage per annum) you can earn with each option.
(6 marks)
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Multinational Financial Management
Authors: Alan C. Shapiro
7th Edition
0471395307, 9780471395300
